Online lending startup Capital Float has secured its first international debt funding worth around $7 million from Netherlands-based Triodos Investment Management. With this new investment, the total amount of debt funding raised by Capital Float now stands at $130 million.

In a media statement, the startup said that the newly raised capital will be used to for onward lending, with prime focus on expanding its MSME borrower segments, as it continues to add its existing assets under management (AUM) of approximately $4 billion.

Commenting on the funding, Gaurav Hinduja and Sashank Rishyasringa, co-founders of fintech startup Capital Float said, “Investments like these will help put digital lending in India in the international spotlight. With this fresh injection of funds, we will strengthen our focus on expanding our MSME borrower segments.”

Earlier this month, the company had received $22 million in its Series C funding round, which was led by Amazon, along with participation from existing investors SAIF Partners, Sequoia India and Creation Investments.

Capital Float was founded in the year 2013 by Sashank Rishyasringa and Gaurav Hinduja. Since its inception, the company claims to have disbursed loans amounting to over Rs 400 crore.

The online platform provides unsecured loans to start-ups, business-to-business (B2B) firms, small manufacturers and e-commerce merchants through its own books. In order to expand its reach, the startup has partnered with several other startups such as Snapdeal, ShopClues, Paytm and Uber among others. With the partnership, it offers loan to merchants or users of those platforms.

It currently claims to have 50,000 customers across 300 cities in India and its average loans ticket size is around Rs 10 to 12 lakh. Capital Float competes with other online small and medium enterprise (SME) focused platforms such as Lendingkart, Aye Finance, Neogrowth, and Intellegrow.